Monday, May 20, 2013

Intraday Negatives Piling Up

The Index futures are all at intraday negatives, with Friday's triangle breakout and volume it's not surprising at all there would be limit and follow up orders chasing in the early hours, the assets I showed in the last post though should be of concern for longs.

So should the intraday charts for Index futures as well as averages.

 IWM

QQQ

SPY

It's still very early in the day, a lot can happen from here.

Normally I'd say I'd expect some flat/lateral market trade from this point or rounding.

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